Penalty U/S 271(1) (C) Not Maintainable In Absence Of Proper Notice

Brief of the Case

Karnataka High Court held In the case of M/s. Safina Hotels Private Limited vs. CIT & DCIT that it is clear that the notice is issued proposing to levy penalty under Section 271(1) (b) whereas the order is passed by the Assessing Officer under Section 271(1) (c), which clearly indicates that there was no application of mind by the Assessing Officer while issuing the notice under Section 274. Further, there was no occasion for the Assessing Officer to come to a conclusion tha

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